Job Description:

WHAT YOU’LL BRING

We’re looking for someone who has these abilities and skills:

• Ideally you will have some experience in the London Market in an underwriting or actuarial pricing capacity: you need to be comfortable with working in the Lloyd’s underwriting environment for this role.
• A high level of numeracy, with a logical approach to the analysis of complex data. Accurate work and attention to detail is essential.
• A motivated self-starter with a clear ability to use initiative when required.
• You will be confident, have excellent analytical, interpersonal and organisational skills working on your own or as a team player. Striving for excellence and being innovative are the keys to taking the next steps up to become an Assistant Underwriter.
• You will enjoy fantastic communication skills, essential when liaising with colleagues and negotiating with brokers.
• You will be fully aware of the control processes that operate around the underwriting function and the need to comply with them.
• Ability to adapt quickly and easily to new conditions and requirements, externally in the market or internally within a changing organisation.
• A Bachelor’s degree in a STEM subject is preferred, or equivalent vocational training such as a completed Apprenticeship. Math’s A Level is a strong preference

WHO WE ARE

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.co

What will your essential responsibilities include?

• Review submissions including the underwriting narrative, treaty wordings, claims data and exposure analysis.
• Assist the Underwriters by extracting the necessary data to the models and pricing tools for review, ensuring that risks are written or renewed in accordance with AXA XL underwriting guidelines. In due course, calculate the appropriate premium and provide the Underwriter with an overview of the risk. You should be willing to offer your own opinions on each risk.
• Collaborate with actuaries, contract wording and claims colleagues where necessary to optimise the terms and conditions for each risk. Work with the Underwriter to present the largest cases to senior management for review and sign-off.
• Work with our Global Shared Services team in India to ensure completed risks are bound on the system, with all the appropriate documents archived and necessary risks included within exposure management systems.
• Maintain accurate and up to date tracking of the exposures as you build and understanding of portfolio management.
• As your experience grows we expect you to widen your underwriting authority when you can demonstrate the competence as well as confidence to exercise it. AXA XL will also provide both internal and external training, as well as all the necessary development opportunities to progress within our business.
• Learn about portfolio management, preparing monthly reports to support senior underwriters in this activity. Assist the Specialty team to present their business to management on a quarterly basis, developing the necessary skill sets to underwrite a profitable account.
• Learn and understand the strategy and financial targets of AXA XL and those applicable to the Reinsurance business unit in London. You will be set appropriate individual targets and goals that support delivery of the business plan.

You will report to the Senior Underwriter.